Property tours are available by appointment ONLY. Please contact Stephen Zamias Jr. at 814-532-6185 or szamiasjr@zamias.net to schedule.
Investment Highlights:
±163,679 SF enclosed shopping center in Clearfield, PA
Value-add opportunity with ±38,720 SF Dark J.C. Penny
Tenants include Ollie’s, Peebles, Dollar General, Rent-A-Center, Pizza Hut, and Goodwill
Excellent visibility on Route 322 (Daisy St) with ±11,000 VPD
Easy accessible, with Interstate 80 located ±1.3 miles away
Plentiful parking with ±699 surface spaces
Dollar General recently extended their lease through 8/2025
Investment Overview:
Clearfield Mall (the “Property”) is a ±163,679 SF enclosed shopping center located in Clearfield, Pennsylvania.
The Property is situated on a ±14.7 acre parcel, with frontage on Daisy Street (Route 322/±11,000 VPD). It consists of two single-story retail buildings, broken out into 22 inline and 2 anchor suites. Clearfield Mall is currently ±67.27% occupied by 15 tenants, including Ollie's Bargain Outlet (±28.01% GLA), Peebles (±9.47% GLA), Dollar General (±4.46% GLA), Rent-A-Center (±3.12%GLA), Pizza Hutt (±2.84% GLA), and Goodwill (±1.01% GLA). This offering includes a strong value-add opportunity through the lease-up of a ±38,720 SF Dark J.C. Penny anchor suite. In addition, the Property features pylon signage and ±699 surface parking spaces. Other nearby retail includes a new Rural King, Walmart Super Center, Lowe’s, Save-A-Lot, Big Lots, Aaron’s, Dollar Tree, Label Shopper, and Tractor Supply Co.
As of March 2018, Dollar General has exercised its option to extend the term of the lease for 5 years commencing 9/1/2020 through 8/31/2025, pursuant to the terms and conditions of the lease.
Clearfield Mall is located in the City of Clearfield, in north-central Pennsylvania. It is the 2nd most populous city in Clearfield County after DuBois. As of 2017, the estimated population within a 5-mile radius of the Property was 15,330 earning an average household income of ±$55,199. The city is 18 miles east of DuBois and 33 miles west of State College, and Pittsburgh and Harrisburg are approximately 2-2.5 hours away. U.S. Route 322 passes through the the city, and Interstate 80 passes just to the north, with access from Exit 120 (Pennsylvania Route 879). This property will be auctioned on Monday, May 7 - Wednesday, May 9 . The price displayed is the starting bid amount of $1,200,000. For information and to register to bid on this property, please visit Ten-X.com.